Bessies Quilting Company reported the following amounts on its balance sheet at December 31, 2010: Cash............... $

Question:

Bessie’s Quilting Company reported the following amounts on its balance sheet at December 31, 2010:

Cash............... $ 5,000

Accounts receivable, net...... 40,000

Inventory............ 35,000

Equipment, net ........... 120,000

Total assets ............$ 200,000

Perform a vertical analysis of the assets of Bessie’s Quilting Company. Use total assets as the base. What information does the analysis provide?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...